Can I retire at age 30 with 996,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$82,249$81,516$80,801$80,104$79,422$76,362
2 years$40,717$39,959$39,224$38,511$37,820$34,773
3 years$26,875$26,114$25,380$24,675$23,995$21,057
4 years$19,956$19,196$18,470$17,777$17,113$14,307
5 years$15,805$15,050$14,334$13,654$13,009$10,343
6 years$13,039$12,290$11,584$10,919$10,294$7,768
7 years$11,063$10,321$9,626$8,977$8,372$5,986
8 years$9,583$8,847$8,164$7,531$6,945$4,697
9 years$8,432$7,703$7,032$6,415$5,849$3,735
10 years$7,511$6,790$6,130$5,530$4,983$3,000
11 years$6,759$6,044$5,397$4,812$4,286$2,429
12 years$6,132$5,425$4,790$4,221$3,714$1,978
13 years$5,603$4,903$4,279$3,727$3,239$1,619
14 years$5,149$4,456$3,845$3,308$2,839$1,330
15 years$4,756$4,071$3,471$2,950$2,500$1,096
16 years$4,413$3,735$3,147$2,642$2,209$906
17 years$4,110$3,440$2,864$2,373$1,959$750
18 years$3,841$3,179$2,614$2,139$1,742$622
19 years$3,601$2,946$2,393$1,933$1,552$516
20 years$3,385$2,737$2,197$1,750$1,387$429
21 years$3,190$2,550$2,020$1,589$1,241$357
22 years$3,013$2,380$1,862$1,444$1,112$298
23 years$2,851$2,226$1,719$1,315$998$248
24 years$2,704$2,086$1,590$1,200$897$207
25 years$2,568$1,957$1,473$1,096$808$173
26 years$2,443$1,840$1,366$1,002$727$144
27 years$2,327$1,731$1,268$917$656$120
28 years$2,220$1,631$1,179$840$592$100
29 years$2,120$1,539$1,097$770$534$84
30 years$2,027$1,453$1,022$707$483$70
31 years$1,941$1,374$953$649$437$59
32 years$1,860$1,300$889$597$395$49
33 years$1,784$1,231$830$549$357$41
34 years$1,712$1,167$776$505$324$34
35 years$1,645$1,107$725$465$293$29
36 years$1,582$1,050$678$428$266$24
37 years$1,522$998$635$394$241$20
38 years$1,466$948$595$364$218$17
39 years$1,412$902$557$335$198$14
40 years$1,362$858$522$309$179$12
41 years$1,314$817$490$285$163$10
42 years$1,268$778$459$263$148$8
43 years$1,225$741$431$243$134$7
44 years$1,183$706$404$224$122$6
45 years$1,144$674$380$207$110$5
46 years$1,107$643$357$191$100$4
47 years$1,071$613$335$177$91$3
48 years$1,036$585$315$163$83$3
49 years$1,004$559$296$151$75$2
50 years$972$534$278$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $996,000, adding $2,298 every year, while hoping to spend $22,409 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/28/7 Blend
29$996,000$996,000$996,000$996,000
30$1,099,962$1,047,174$1,031,736$1,169,925
31$1,188,316$1,074,643$1,042,457$1,244,215
32$1,284,930$1,102,706$1,052,785$1,322,471
33$1,390,624$1,131,370$1,062,684$1,407,379
34$1,506,299$1,160,639$1,072,116$1,499,583
35$1,632,950$1,190,519$1,081,040$1,599,792
36$1,771,668$1,221,012$1,089,412$1,708,788
37$1,923,659$1,252,122$1,097,188$1,827,432
38$2,090,248$1,283,852$1,104,320$1,956,670
39$2,272,896$1,316,203$1,110,757$2,097,545
40$2,473,212$1,349,177$1,116,448$2,251,207
41$2,692,967$1,382,774$1,121,336$2,418,921
42$2,934,112$1,416,993$1,125,364$2,602,081
43$3,198,798$1,451,833$1,128,471$2,802,220
44$3,489,393$1,487,289$1,130,591$3,021,030
45$3,808,504$1,523,360$1,131,659$3,260,374
46$4,159,005$1,560,038$1,131,603$3,522,303
47$4,544,061$1,597,317$1,130,350$3,809,076
48$4,967,159$1,635,190$1,127,821$4,123,184
49$5,432,141$1,673,646$1,123,934$4,467,369
50$5,943,239$1,712,673$1,118,605$4,844,654
51$6,505,114$1,752,259$1,111,743$5,258,368
52$7,122,904$1,792,389$1,103,255$5,712,179
53$7,802,269$1,833,044$1,093,042$6,210,128
54$8,549,442$1,874,205$1,081,001$6,756,670
55$9,371,295$1,915,851$1,067,024$7,356,710
56$10,275,395$1,957,956$1,050,998$8,015,655
57$11,270,083$2,000,493$1,032,804$8,739,462
58$12,364,547$2,043,433$1,012,318$9,534,695
59$13,568,911$2,086,741$989,411$10,408,587
60$14,894,330$2,130,382$963,947$11,369,109
61$16,353,096$2,174,315$935,783$12,425,041
62$17,958,752$2,218,496$904,772$13,586,062
63$19,726,220$2,262,878$870,757$14,862,837
64$21,671,944$2,307,408$833,577$16,267,115
65$23,814,041$2,352,030$793,061$17,811,847
66$26,172,477$2,396,683$749,032$19,511,302
67$28,769,249$2,441,300$701,304$21,381,205
68$31,628,598$2,485,809$649,683$23,438,885
69$34,777,235$2,530,134$593,967$25,703,436
70$38,244,591$2,574,189$533,944$28,195,903
71$42,063,101$2,617,886$469,393$30,939,473
72$46,268,502$2,661,127$400,082$33,959,702
73$50,900,176$2,703,808$325,771$37,284,751
74$56,001,516$2,745,818$246,207$40,945,652
75$61,620,344$2,787,036$161,128$44,976,605
76$67,809,353$2,827,334$70,259$49,415,296
77$74,626,607$2,866,574$0$54,303,257
78$82,136,094$2,904,609$0$59,688,252
79$90,408,322$2,941,282$0$65,624,453
80$99,520,989$2,976,423$0$72,162,212
81$109,559,716$3,009,853$0$79,362,805
82$120,618,851$3,041,380$0$87,293,759
83$132,802,366$3,070,800$0$96,029,488
84$146,224,831$3,097,893$0$105,651,996
85$161,012,502$3,122,428$0$116,251,650
86$177,304,506$3,144,155$0$127,928,034
87$195,254,160$3,162,813$0$140,790,893
88$215,030,413$3,178,120$0$154,961,161
89$236,819,444$3,189,777$0$170,572,112
90$260,826,418$3,197,466$0$187,770,612
91$287,277,422$3,200,852$0$206,718,508
92$316,421,600$3,199,575$0$227,594,156
93$348,533,504$3,193,254$0$250,594,105
94$383,915,683$3,181,486$0$275,934,956
95$422,901,546$3,163,842$0$303,855,400
96$465,858,501$3,139,867$0$334,618,479
97$513,191,426$3,109,078$0$368,514,067
98$565,346,493$3,070,965$0$405,861,605
99$622,815,378$3,024,985$0$447,013,122
100$686,139,901$2,970,563$0$492,356,555